The 2004 Monaco Grand Prix was a Formula One motor race held on May 23, 2004 at the Circuit de Monaco in Monte Carlo, Monaco. The race, contested over 78 laps, was the sixth round of the 2004 Formula One season. It was won by Jarno Trulli, who took the first, and only, victory of his career for the Renault team. BAR driver, Jenson Button finished in second position, just one second behind the winner. Rubens Barrichello took the third and final podium spot for Ferrari after his team-mate, Michael Schumacher retired due to collision damage during a safety car period, ending his perfect start to the season. Trulli's team-mate, Fernando Alonso, also crashed at the tunnel, like Schumacher, during the race, and consequently lost second place.

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One of the most eventful races of the 2004 season, the Monaco Grand Prix saw Ferrari driver Michael Schumacher qualify in fourth place (his time was actually fifth best; his brother Ralf qualified second, but was dropped ten places as a penalty for changing engines). Italian Renault driver Jarno Trulli took his first pole position and made it his first race win, breaking the elder Schumacher's streak of race wins.

The race began with Trulli on pole and BAR's Jenson Button behind; Renault's Fernando Alonso and Michael Schumacher occupied the second row. After two aborted starts (Olivier Panis stalled his Toyota and Trulli's Renault leaked coolant onto the track) the parade lap began; Panis stalled again and started the race from the pits. As the race began, BAR's Takuma Sato made an excellent start, moving from eighth to fourth in seconds. Presently Sato's engine began smoking; on the third lap, it exploded spectacularly and released an enormous cloud of smoke, in which Sauber's Giancarlo Fisichella collided with McLaren’s David Coulthard and overturned. Both drivers were unhurt but out of the race, as was Sato.

Out came the yellow flags, and the race proceeded under the safety car until the eighth lap, at which point Alonso fought Trulli for the lead, followed by Button. When the race restarted, Juan Pablo Montoya moved past Rubens Barrichello to take sixth position, and Trulli set three consecutive fastest laps, but was only able to increase his lead to 1.2 seconds over Alonso. The leaders began their first pit stops on lap 18, and by Michael Schumacher's stop on lap 26, Trulli led from Alonso, with Schumacher now in third ahead of both Kimi Räikkönen and Button.

In an attempt to lap Ralf Schumacher, who was down in 11th position, Alonso tried to pass him offline around the outside in the tunnel and crashed heavily. Alonso was enraged by this incident, and publicly accused Ralf of dangerous driving. The safety car was immediately deployed, and all of the front-runners (except Michael Schumacher and Montoya) took the opportunity to pit. As the safety car prepares to pit for the race restart, it is common for the lead driver to slow down, to bunch up the field and choose the opportunity to accelerate to the starting line. It is also common for drivers to swerve back and forth, accelerate and decelerate rapidly to impart heat into their brakes and tires. Montoya (who was a lap down) seemed to be watching his mirrors and not what was happening in front of him as they entered the tunnel. Schumacher suddenly slowed and locked his left front brake after apparently being surprised by the slow speed of the safety car and Montoya moved to the inside trying to avoid running into the back of Schumacher. However as Schumacher continued there was no space between his car and the barrier for Montoya's and he clipped Montoya's left front tyre with his right rear, spun sideways and hit the barriers. This accident ended Schumacher's hopes for a sixth consecutive victory and a perfect season.

As the order settled down towards the end of the race, Trulli led from Button, with Barrichello in third. The top three were a lap in front of the rest of the field, and the only drivers with a chance of winning the race. Barrichello needed to pit with 22 laps remaining, and rejoined too far behind the top two in order to make a challenge. From then on, it was a straight fight between Trulli and Button, but Monaco is notoriously the hardest circuit to make a passing move on. Therefore, Button having no chance of passing, Trulli took the win by close to half a second.

Both of the Jaguar Racing R5 cars ran with Ocean's Twelve and Steinmetz Diamonds livery to represent the upcoming film, Ocean's Twelve starring George Clooney and Brad Pitt, both of which were present at the Monaco Grand Prix along with other special guests such as Roger Moore. As Klien crashed in the first lap, the diamond was lost in the incident.[4]